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The Real “Poverty Rate” is Actually TRIPLE What We’re Being Told

Friday, January 11, 2019 By Stillness in the Storm Leave a Comment

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(Paul Buchheit) By its best definition, the poverty rate should be tripled.

Related How Globalists Plan To Use Technology And Poverty To Enslave The Masses

Source – Wake Up World

by Paul Buchheit, January 9th, 2019

Poverty should not be defined simply by the number of dollars that an American can scrape together each year. But poverty deniers won’t look deeper, because they don’t want to admit that anyone willing to work could be suffering in the richest country in the world. It’s easier to blame the poverty-stricken for their own misfortunes.

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The Best Definition of Poverty

The World Bank defines poverty as “pronounced deprivation in well-being,” not only of material needs but also of health and education and security and public voice and the “opportunity to better one’s life” and the “capability of the individual to function in society.” Surveys of tens of thousands of people throughout the world found that “the poor did not focus on their material need; rather, they alluded to social and psychological aspects of poverty.”

The United Nations calls poverty the “denial of choices and opportunities, a violation of human dignity.” It’s not just a lack of money, but also the “lack of basic capacity to participate effectively in society.” Other sources refer to “relative deprivation,” a lack of both material and non-material needs, an absence of the “living conditions and amenities which are customary” in their societies, and a feeling of insecurity in people’s “homes, their health, and their jobs.”

Deprivation? The United Nations describes America as a nation that is near the bottom of the developed world in safety net support and economic mobility, with its citizens living “shorter and sicker lives compared to those living in all other rich democracies,” with the highest infant mortality rate and obesity levels in the developed world, and the world’s highest incarceration rate.

Buy Book The Grip of Death: A Study of Modern Money, Debt Slavery, and Destructive Economics

How It’s Gotten Worse for the Bottom Half

Wages have stagnated in the past forty years. The Consumer Price Index (CPI) and average hourly earnings have risen at approximately the same rate. But Pew Research notes that “what wage gains there have been have mostly flowed to the highest-paid tier of workers.”

Median household debt of $68,000 is much more than the median household income of $58,000, and almost as much as the average wealth ($78,000) of an adult in the 6th decile (the 10% of adults just ABOVE the median).

Census data in 2011 showed that half of Americans were in or near poverty. According to a Pew analysis it got WORSE from 2011 to 2014, with expenditures rising and income dropping. Nearly half of our nation’s children under the age of 9 face poverty. Nearly half of gig workers in California face poverty.

Depressing domestic news doesn’t sell on our news shows, so the struggles of the bottom half of America are downplayed by the media while the “booming” economy for the upper-middle class is highlighted.

Buy Book Dark Pools: The Rise of the Machine Traders and the Rigging of the U.S. Stock Market

The Absurdity of the Federal Poverty Thresholds

Poverty guidelines are dramatically out of touch with reality. Developed in the 1960s, they were based on the cost of food, which used to be a much greater part of the typical household budget. Today, an individual making $1,060 a month would not meet the federal definition of poverty, but even if that individual is lucky enough to find an apartment for $500 a month, that leaves less than $20 a day for food, phone, transportation, and clothing, and often for childcare and Internet service and a variety of regressive taxes.

According to the Congressional Research Service, “If the same basic methodology developed in the early 1960s was applied today, the poverty thresholds would be over three times higher than the current thresholds.”

Buy Book The Truth About The Coming Global Currency Reset 2nd Edition

The Effects of Deprivation

If poverty is indeed a “deprivation of well-being,” surveys and studies on American stress show a much greater level of poverty than skeptics would have us believe.

Stress! The American Psychological Association says 62% of us are stressed by money issues. A CreditCards.com  survey revealed that 65% of Americans lie awake at night fretting over money worries. A Northwestern Mutual study found that money is the No. 1 cause of stress among Americans. According to Varo Money, nearly half of Americans don’t have any savings set aside to cover an unexpected expense like a job loss or medical problem. And now 800,000 federal workers are dealing with additional stress because of our incompetent national leaders.

Debt causes depression, migraines, ulcers, high blood pressure, disrupted sleep, even heart attacks. That is deprivation of well-being. That is poverty of both body and mind.

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Recommended reading by Paul Buchheit:

  • The Evidence Pours In: Poverty Getting Much Worse in America
  • $30 Trillion New Wealth Went to the Richest White Americans Since 2008 Recession
  • Big Pharma, Big Oil and Big Banks – The Definition of Terrorism
  • 5 Signs of a Dying Society
  • The Capitalist Manifesto and the True Meaning of Socialism
  • Capitalism at Its Worst: 5 Deadly Sins of Big Pharma
  • Facts That Our War-Happy Leaders Would Like to Keep Hushed Up
  • How Wealth Inequality Kills
  • Now Just FIVE Men Own Almost as Much Wealth as Half the World’s Population
  • The Real Terrorists: The 0.01%
  • 5 Facts That Privileged Americans Don’t Want Us to Know

Buy Book Keep Calm and Breathe

About The Author

Paul Buchheit is a college teacher, an active member of US Uncut Chicago, founder and developer of social justice and educational websites (including youdeservefacts.org), and the editor and main author of “American Wars: Illusions and Realities” (Clarity Press). His latest book is, “Disposable Americans: Extreme Capitalism and the Case for a Guaranteed Income”. Paul can be reached via email here.

This work is first appeared on Common Dreams and is licensed under a Creative Commons Attribution-Share Alike 3.0 License.

Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools


Stillness in the Storm Editor’s note: Did you find a spelling error or grammar mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.

Source:

https://wakeup-world.com/2019/01/09/the-real-poverty-rate-is-actually-triple-what-were-being-told/

Filed Under: Conspiracy, Corruption, Evergreen, Politics, Uncategorized Tagged With: economy, fraud of the system, money, statistics, wake up world

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